|
 |
CASH FLOWS STATEMENTS
| (In millions) |
Year Ended June 30 |
2007) |
 |
2006) |
|
2005) |
|
|
| Operations |
|
|
|
|
|
| Net income |
$ 14,065) |
|
$ 12,599) |
|
$ 12,254) |
| Depreciation, amortization, and other noncash items |
1,440) |
|
903) |
|
855) |
| Stock-based compensation |
1,550) |
|
1,715) |
|
2,448) |
| Net recognized gains on investments |
(292)) |
|
(270)) |
|
(527)) |
| Stock option income tax benefits |
–) |
|
–) |
|
668) |
| Excess tax benefits from stock-based payment arrangements |
(77)) |
|
(89)) |
|
–) |
| Deferred income taxes |
421) |
|
219) |
|
(179)) |
| Unearned revenue |
21,032) |
|
16,453) |
|
13,831) |
| Recognition of unearned revenue |
(19,382)) |
|
(14,729)) |
|
(12,919)) |
| Accounts receivable |
(1,764)) |
|
(2,071)) |
|
(1,243)) |
| Other current assets |
232) |
|
(1,405)) |
|
(245)) |
| Other long-term assets |
(435)) |
|
(49)) |
|
21) |
| Other current liabilities |
(552)) |
|
(145)) |
|
396) |
| Other long-term liabilities |
1,558) |
|
1,273) |
|
1,245) |
| Net cash from operations |
17,796) |
|
14,404) |
|
16,605) |
|
| Financing |
| Common stock issued |
6,782) |
|
2,101) |
|
3,109) |
| Common stock repurchased |
(27,575)) |
|
(19,207)) |
|
(8,057)) |
| Common stock cash dividends |
(3,805)) |
|
(3,545)) |
|
(36,112)) |
| Excess tax benefits from stock-based payment arrangements |
77) |
|
89) |
|
–) |
| Other |
(23)) |
|
–) |
|
(18)) |
| Net cash used in financing |
(24,544)) |
|
(20,562)) |
|
(41,078)) |
|
| Investing |
|
|
|
|
|
| Additions to property and equipment |
(2,264)) |
|
(1,578)) |
|
(812)) |
| Acquisition of companies, net of cash acquired |
(1,150)) |
|
(649)) |
|
(207)) |
| Purchases of investments |
(36,308)) |
|
(51,117)) |
|
(68,045)) |
| Maturities of investments |
4,736) |
|
3,877) |
|
29,153) |
| Sales of investments |
41,451) |
|
54,353) |
|
54,938) |
| Securities lending payable |
(376)) |
|
3,117) |
|
–) |
| Net cash from investing |
6,089) |
|
8,003) |
|
15,027) |
| Net change in cash and equivalents |
(659)) |
|
1,845) |
|
(9,446)) |
| Effect of exchange rates on cash and equivalents |
56) |
|
18) |
|
(7)) |
| Cash and equivalents, beginning of period |
6,714) |
|
4,851) |
|
14,304) |
| Cash and equivalents, end of period |
$ (6,111) |
|
$ (6,714) |
|
$ (4,851) |
See accompanying notes.
|
|
